Babson hires Gartmore's Tugnait for new UCITS HY fund

Investment manager Babson Capital Europe launching a new UCITS European high yield fund and has hired head of high yield at Gartmore, Kam Tugnait, to co-manage it. He will report to Zak Summerscale, head of loans and high yield.

  • 17 May 2011
“High yield is growing so much in size that you are seeing a lot more flows into the asset class”, said Summerscale, head of loans and high yield. “And with banks being much more reluctant to hold loans on their balance sheets, we are seeing a lot more ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 175,104.29 767 7.10%
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3 Citi 138,094.31 743 5.60%
4 Goldman Sachs 110,886.78 482 4.50%
5 Barclays 106,582.38 490 4.32%

Bookrunners of Euro Denominated Corporate IG Bonds

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3 Deutsche Bank 24,247.02 105 6.98%
4 SG Corporate & Investment Banking 21,202.74 113 6.11%
5 HSBC 19,467.45 94 5.61%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 8,469.76 69 8.01%
2 Goldman Sachs 8,116.84 64 7.67%
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4 Deutsche Bank 6,384.59 62 6.04%
5 BNP Paribas 5,941.97 66 5.62%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 37,132.38 289 10.73%
2 Citi 29,048.74 232 8.39%
3 Bank of America Merrill Lynch 28,989.38 252 8.38%
4 Goldman Sachs 24,953.24 183 7.21%
5 Barclays 23,148.60 155 6.69%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 28,102.94 134 6.32%
2 Deutsche Bank 28,087.32 104 6.32%
3 BNP Paribas 27,948.80 144 6.29%
4 HSBC 25,973.95 128 5.84%
5 Citi 23,359.75 104 5.25%